As more damaging claims about banks are revealed in the royal commission. The Prime Minister says, in hindsight, his government should have set it up years ago, and Pauline Hanson want the banks to be slugged the entire cost of the inquiry.

Kirsty Davis reports.


Mr Turnbull was in Berlin to inspect a German-built reconnaissance vehicle.

The Government is buying 200 of them.

But the media press conference was all about the banking royal commission.

For the first time, the PM conceded his Government should have called the enquiry earlier.

Malcolm Turnbull, Prime Minister: “The Government would have had less political grief it it had set up a royal commission two years ago. You’re right, you’re right about that clearly.”

But he stopped short of apologising.

Malcolm Turnbull, Prime Minister: “Whichever way you want to analyse it, you can’t live your life backwards. We’ve got some very big reforms in place.”

And the latest Newspoll shows some good news for the Government.

While the primary voter-intention for the main parties is unchanged.

On the two-party preferred vote, the Government received its best poll result since September 2016.

Meanwhile, One Nation leader, Pauline Hanson is demanding any Government tax cuts given to big banks should be paid back to people impacted by their actions.

Pauline Hanson, One Nation Leader: “The people must be compensated for this and it’s going to cost millions of dollars and they should also pay for royal commissions not the tax payer.”

The Prime Minister, who is relying on the three One Nation votes to pass the tax cuts, wouldn’t be drawn on her calls.

Kirsty Davis, QUT News.